CAIRO: Egyptian Exchange (EGX) announcing holding its first conference on sustainable development by the end of October, according to EGX press release Wednesday.
The opening session of the conference will be attended by the Ministers of Investment and Environment and the Chairmen of Egyptian Financial Supervisory and EGX, as well as a delegation from UN Women.
“The stock market’s role is no more limited to providing the companies with billions to expand and offering job vacancies, but can lead the efforts and initiatives to deepen the business community’s participation in development and sustainability plans,” EGX Chairman Mohamed Omran said in one of the latest U.N. initiatives’ meetings.
The EGX is “one of the leading bourses in encouraging the private sector to abide by the mechanisms of sustainable development as one of the first 5 bourses around the world launching the Sustainable Stock Exchanges (SSE) initiative in 2009,” Omran stated.
SSE was introduced by the Secretary General of the United Nations Ban Ki-Moon and aims to increase the transparency and the obligation of the listed companies to the cases of the environmental and social administration and companies’ governance.
The EGX was invited to the United Nation’s third financing conference for development in Ethiopia, Addis Ababa in last July to discuss the Egyptian stock market experience in the sustainability and social responsibility and the role of finance in achieving the goals of sustainable development.